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Foley

Learn about the people, housing, costs and businesses in Foley, Alabama

Median Home$289,019
Median Rent$1,265/month
Population23,889
Leading IndustriesEducation · Healthcare5% education
Home Value Growth⬆⬆+13.9% over 2 years
Retirees27% of residentsabove average nationally
Homeowners74% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAmenity Score71/100 · highly walkable area
Foley
AL

Frequently Asked Questions

What are today's mortgage rates in Foley?

As of today, the 30-year fixed mortgage rate for Foley is approximately 6.947% (6.985% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Foley?

The median home value in Foley is $289k. The median monthly rent is $1,265. Annual property taxes average $788. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Foley?

Home values in Foley have increased 13.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Foley?

Based on a typical all-in ownership cost of $1,145/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Foley is $66k/year.

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What industries drive the economy in Foley?

The largest employment sectors in Foley are public administration (15%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.